Department Chair
Theodore F. Byrley, Ph.D., Chair and Associate Professor of Economics & Finance
Date of Award
1-2015
Access Control
Open Access
Degree Name
Applied Economics, M.A.
Department
Economics and Finance Department
Advisor
Ted P. Schmidt, Ph.D., Associate Professor of Economics & Finance
Department Home page
http://economics.buffalostate.edu/
First Reader
Ted P. Schmidt, Ph.D., Associate Professor of Economics & Finance
Second Reader
Theodore F. Byrley, Ph.D., Chair and Associate Professor of Economics & Finance
Third Reader
Bruce L. Fisher, J.D., Visiting Professor and Director of the Center for Economic & Policy Studies
Abstract
The Bureau of Labor Statistics (BLS) recently developed a way to view price changes in the economy called the chained consumer price index (C-CPI-U). There is much debate over this calculation because, if implemented, it would greatly affect government spending on programs such as Social Security and Veteran benefits. A quick overview of how the C-CPI-U is calculated does not appear to be anything to disagree with. A conclusion which can be drawn, and will be discussed in this thesis, is that the major controversy lies in what will happen to those who benefit from possible reduction of benefits in some government programs that use the CPI as a gauge on how much to give each person who receives the benefit.
Recommended Citation
Lock, David, "An Evaluation of the Proposal to Implement a Chained Weighted CPI" (2015). Applied Economics Theses. 9.
https://digitalcommons.buffalostate.edu/economics_theses/9
